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Tool Storage Products Market Share

Report ID: GMI12138
Published Date: Nov 2024
Report Format: PDF

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Tool Storage Products Market Share

In 2023, key companies like Stanley Black & Decker, Bosch, Husky, Milwaukee Tool, Husqurnava, Makita, Kobalt and RIDGID held a combined market share of 10%-20%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Resellers that consistently deliver high-quality products and reliable performance often secure a competitive advantage. Upholding stringent testing and refurbishment standards is crucial for earning customer trust. Introducing warranties or return policies can distinguish resellers in the market. By offering customer support and repair services, resellers bolster buyer confidence, rendering them more appealing. A robust online presence, characterized by user-friendly websites and active social media engagement, enables resellers to connect with a wider audience. Strategic marketing initiatives can further differentiate them from their competitors.

Tool Storage Products Market Companies

Major players operating in the tool storage products industry are:

Apollo Tools
Bosch
DeWalt
GearWrench
Husky
Husqurnava
Irwin Tools
Kobalt
Makita
Milwaukee Tool
RIDGID
Snap-on
Stalwart
Stanley Black & Decker
Veto Pro Pac

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for tool storage products was reached USD 1.7 billion in 2023 and is estimated to grow at a 4.5% CAGR from 2024 to 2032, driven by the rise of the DIY culture.

The portable tool boxes segment recorded USD 700 million in 2023 and is expected to grow at a 4.7% CAGR from 2024 to 2032, due to the increasing number of DIY projects and home improvement activities.

The metal segment held around 61% share of the tool storage products market in 2023 and is anticipated to grow at a 4.7% CAGR from 2024 to 2032, driven by their durability and strength.

The U.S. tool storage products market dominated with an 82% share in 2023 and is expected to grow, owing to the ongoing urban development and a steady rise in housing construction.

Key players in the industry include Apollo Tools, Bosch, DeWalt, GearWrench, Husky, Husqvarna, Irwin Tools, Kobalt, Makita, Milwaukee Tool, RIDGID, Snap-on, Stalwart, Stanley Black & Decker, and Veto Pro Pac.